Editorial
On Inflation vs. Deflation
If you believe in inflation or deflation, chances are, you're somehow right. For now. But we need to dive deep to figure out what the future holds for this 'debate of our time'
Mid-Summer Inflation Update
Economic and markets indicators are telling us two different stories about inflation.
The Long-Term Dollar Shortage
The long-term dollar shortage trend is the current monetary state we live in, where global economic growth is outpacing the supply of the global reserve currency.
Primer: The Eurodollar Market
The Eurodollar Market is one of the most influential and least understood drivers of financial markets.
The Bear Case for the US Dollar
The dollar bear case with insights from Luke Gromen, Juliette Declercq, and A.G. Bisset
Mervyn King’s The End of Alchemy
Notes and key takeaways from Mervyn King's, The End of Alchemy
Mike Green on Passive Flows
The most important message coming out of the markets is not the overall severity of the economic crisis, but rather an indicator of the already in place fragile market structure that is being exposed.
Debt, Deficit, and Future Financing
U.S. government debt has grown to +$26 trillion today and for the first time in history, total debt to GDP will rise above 100% in 2021 (potentially 2020 depending on continued COVID response)
US Airlines, Bailouts, and Socialized Losses
Looking past the “Bailouts are the end of capitalism” debate, we focus on the fundamentals of what drove the airlines, and the broader market, to allocate capital in a very reckless way